BNP Paribas Financial Markets Lowers Holdings in MillerKnoll, Inc. (NASDAQ:MLKN)

BNP Paribas Financial Markets cut its stake in MillerKnoll, Inc. (NASDAQ:MLKN) by 11.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 26,932 shares of the company’s stock after selling 3,514 shares during the quarter. BNP Paribas Financial Markets’ holdings in MillerKnoll were worth $667,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of MLKN. Pacer Advisors Inc. increased its holdings in shares of MillerKnoll by 15.3% during the 2nd quarter. Pacer Advisors Inc. now owns 4,015,462 shares of the company’s stock worth $106,370,000 after buying an additional 532,427 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in MillerKnoll by 12.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,392,354 shares of the company’s stock valued at $89,864,000 after buying an additional 377,121 shares during the period. Hennessy Advisors Inc. boosted its holdings in MillerKnoll by 18.1% in the second quarter. Hennessy Advisors Inc. now owns 1,178,800 shares of the company’s stock valued at $31,226,000 after purchasing an additional 180,500 shares during the period. Empowered Funds LLC grew its stake in MillerKnoll by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 359,144 shares of the company’s stock worth $8,892,000 after purchasing an additional 18,224 shares in the last quarter. Finally, Principal Financial Group Inc. raised its position in MillerKnoll by 1.5% in the 3rd quarter. Principal Financial Group Inc. now owns 358,529 shares of the company’s stock valued at $8,877,000 after purchasing an additional 5,155 shares in the last quarter. Hedge funds and other institutional investors own 87.50% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded MillerKnoll from a “buy” rating to a “hold” rating in a report on Thursday, October 10th.

MillerKnoll Stock Down 1.2 %

MLKN stock opened at $24.64 on Friday. The stock has a market capitalization of $1.70 billion, a PE ratio of 28.32, a price-to-earnings-growth ratio of 0.96 and a beta of 1.20. The company has a fifty day moving average of $24.39 and a 200-day moving average of $26.23. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.93 and a current ratio of 1.59. MillerKnoll, Inc. has a one year low of $22.35 and a one year high of $31.73.

MillerKnoll (NASDAQ:MLKN) last announced its quarterly earnings data on Thursday, September 19th. The company reported $0.36 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.04). MillerKnoll had a net margin of 1.80% and a return on equity of 10.93%. The company had revenue of $861.50 million during the quarter, compared to analyst estimates of $889.38 million. During the same quarter last year, the business earned $0.37 EPS. The firm’s revenue for the quarter was down 6.1% on a year-over-year basis. As a group, analysts expect that MillerKnoll, Inc. will post 2.17 EPS for the current year.

MillerKnoll Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Saturday, November 30th will be paid a dividend of $0.1875 per share. The ex-dividend date is Friday, November 29th. This represents a $0.75 annualized dividend and a yield of 3.04%. MillerKnoll’s dividend payout ratio is currently 86.21%.

MillerKnoll Company Profile

MillerKnoll, Inc researches, designs, manufactures, and distributes interior furnishings worldwide. It operates through three segments: Americas Contract, International Contract & Specialty, and Global Retail. The company also provides seating products, furniture systems, other freestanding furniture elements, textiles, leather, felt, home furnishings and related services, casegoods, storage products, as well as residential, education, and healthcare furniture solutions.